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MPs have written to Toys R Us demanding an explanation for why the struggling retailer handed a bumper pay increase to bosses despite falling sales and growing losses which is threatening its survival.

Frank Field MP, chairman of the Work and Pensions Committee, on Tuesday wrote to Toys R Us boss Steve Knights, citing The Sunday Telegraph’s exposé of how the salary for Roger McLaughlan, former chief executive, was boosted from £356,000 to £1m in 2015 and a further £1.3m in 2016.

“This occurred during a period of substantial operating losses for the company and sustained deficit in the staff pension scheme”, Mr Field said. “On what basis did the board determine the appropriate distribution of...